Barry Stuppler

Supported by heavy Chinese bargain buying. . . . 

In the past month the value of the U.S. Dollar, interest rates, and the stock market have all moved higher . . . .

According to the People’s Bank of China – the country’s central bank – the Asian economic giant’s gold reserves have now remained unchanged for 11 straight months - indeed ever since the nation’s currency – the yuan or reminbi – was admitted by the IMF as an integral constituent of that entity’s Special Drawing Right (SDR) . . . .

This morning in Asian markets Gold saw lots of Chinese bargain buying, as the Chinese returned from their holiday . . . .

German investors had little interest in gold prior to 2008, but last year they spent over 6 billion euros on gold investment products . . . .

Today, Gold continues to trade in the $1,270 to $1,280 price range, looking for short-term direction . . . .

Gold reached a high this morning of $1,282, in its first attempted rally to break out of its recent narrow trading range . . . .

If you were to analyze the impact of any tax changes on any asset, you have two sets of dynamics to consider: those of the tax reform and those of the asset. What makes the comparison to gold unique is that gold is, if I may call it such, the purest of all assets because it doesn’t change. It is the world around it that changes . . . .

Welcome to the monthly analysis of gold-backed ETFs and similar products, where you will find detailed information and insight on global trends of gold investment demand through ETFs . . . .

Today Gold has traded in a very narrow $6 high/low spread, from $1,274 to $1,268 per ounce. It appears Gold is finding excellent support around the $1,270 level . . . .